Vosh : La Réserve fédérale a besoin d'un tout nouveau cadre d'inflation

Odaily Planet Daily News reported that Fed Chair nominee Waller stated that if appointed and leading the Fed, he would push for comprehensive reforms in policy making. Waller told the Senate committee, “In my view, the Fed needs fundamental policy reforms. The mistakes made in addressing inflation during the COVID-19 pandemic require such reforms, which I believe means a shift in policy implementation. I think this means a need for a different, entirely new inflation framework.” Waller said we need new tools, we need new communication methods, and he mentioned forward guidance, economic forecasts, and dot plots. He said the Fed should wait until the meeting to issue statements because forecasts can hinder decision-making. (Jin10)